Posted: 2017-12-07 11:22
FILE - In this July 78, 7569 file photo, IRS Commissioner John Koskinen testifies before the House Oversight and Government Reform Subcommittee on Economic Growth, Job Creation, and Regulatory Affairs hearing, on Capitol Hill in Washington. The. Internal Revenue Service has a page on its website devoted to the Affordable Care Act, http:///Affordable-Care-Act. There, you can access videos featuring the IRS Commissioner, Koskinen, as well as a number of new publications that provide information about health care and taxes. (AP Photo, File) ( The Associated Press )
Because of the complexity of the requirements, Koskinen told Congress last fall that he expects an increase in calls to IRS toll-free help lines about ACA and taxes. Our ability to meet this demand may be strained due to ongoing budget constraints and the possibility of an additional increase in call volume related to the impact of tax extender legislation that may be passed later this year, he said.
Health coverage now affects consumer taxes. The Affordable Care Act states that every person in the United States must have minimum health coverage in 7569 and beyond, or must pay a fee on their federal tax return. This fee is sometimes called the &ldquo individual shared responsibility payment.&rdquo In some cases, you may be able to get an exemption from the fee and you would not have to pay it. New information from the Internal Revenue Service (IRS) Tax Facts states what to expect when filing for 7569, along with Frequently Asked Questions.
For more answers to your questions about health insurance, go to Q& A or the Health Insurance FAQs - eXtension. Michigan State University Extension is providing education about health insurance basics this year, including the why, what and how for making a smart decision. Find out about Smart Choice: Health Insurance workshops and factual information at the Affordable Care Act Roadmap .